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Workers’ Comp Insurers Continue Cutting Their Rates

Workers’ Comp Insurers Continue Cutting Their Rates

by Ridgemark Insurance | Nov 15, 2022 | Uncategorized

Despite the Workers’ Compensation Insurance Rating Bureau recommending that benchmark rates in California be increased in the last two years, the rates that insurance companies are charging for coverage continue falling. But the party may soon be coming to an end,...
Contractors Will Need Comp Coverage Even If They Have No Workers

Contractors Will Need Comp Coverage Even If They Have No Workers

by Ridgemark Insurance | Nov 8, 2022 | Uncategorized

A new law will require almost all contractors in California to carry workers’ compensation coverage, regardless of if they have employees or not. According to the author of the bill, State Sen. Bill Dodd, D-Napa, the new law was necessary due to the tendency of many...
State Moves to Ban Sale of Non-Electric Big Rigs, Semis in 2040

State Moves to Ban Sale of Non-Electric Big Rigs, Semis in 2040

by Ridgemark Insurance | Nov 1, 2022 | Uncategorized

Under a new proposal by the California Air Resources Board, all new big rigs and other large trucks sold in the Golden State will have to be zero-emission vehicles, starting in 2040. The proposed rule would bar manufacturers from selling medium- and heavy-duty trucks...
Vacant Buildings Pose Risks, Insurance Challenges

Vacant Buildings Pose Risks, Insurance Challenges

by Ridgemark Insurance | Oct 26, 2022 | Uncategorized

Office and commercial building vacancies have exploded since the COVID-19 pandemic hit, leaving many buildings completely empty of tenants or partially occupied. According to the website Statista.com, the average vacancy rate for offices nationwide in the first...
New Law Bars ‘Discrimination’ Against Cannabis-Using Employees

New Law Bars ‘Discrimination’ Against Cannabis-Using Employees

by Ridgemark Insurance | Oct 19, 2022 | Uncategorized

California Governor Gavin Newsom has signed into law legislation that would bar employers from discriminating against employees and job applicants who use cannabis on their time off. The law amends the California Fair Employment and Housing Act (FEHA) to prohibit...
Commercial Property Insurance Gets Scarce in At-Risk Areas

Commercial Property Insurance Gets Scarce in At-Risk Areas

by Ridgemark Insurance | Oct 10, 2022 | Uncategorized

Commercial property insurance rates remain stubbornly high in California for businesses with properties that are susceptible to wildfire risks. Coverage is relatively easy to find at reasonable prices in any of California’s larger cities, but in small cities and...
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